Scriptures in Use

“Since the last IRS 990 filing, the SIU Board Directors made and implemented significant changes to the SIU Articles of Incorporation and By-Laws. On April 24, 2015, the Board approved , for subsequent implementation, a revised set of By-Laws, which superseded the original By-Laws, dated December 6,1986. These revised By-Laws provided for a process for staggering of the expiration of the terms of members of the Board of Directors, provision for some limits on successive terms of directors and better definition of the qualifications and duties of directors and corporate officers. On October 30 , 2015, the Board approved a set of Restated Articles of Incorporation, which superseded the original Articles of Incorporation, dated October 27, 1986.These Restated Articles were filed with the Arizona Corporation Commission on December 22, 2015 and approved by the Commission for use and publication on December 30, 2015. The significant changes involved were an updating of the purpose or the corporation and recognition of the appointment of Kent Kiefer, Executive Director & CEO, as statutory agent for the corporation.”

“The draft 990 is reviewed first by the Financial Oversight/Audit Committee of the SIU Board. Next, the draft 990 is reviewed by full SIU Board.The final 990 is reviewed by the SIU Board at its next quarterly meeting.”

“SIU holds quarterly meetings to discuss policies, increases in salary for the CEO, financials, and reports about how funds are used to fulfill the organizations mission. All policies, including the conflict of interest policy, are held in a separate binder in the office.”

“Compensation for the CEO is determined by the finance committee of the board of directors. The committee reviews the duties required by the CEO, and researchs the going rate of CEOs in similar positions with similar duties.”

“Compensation is approved by the Finance Committee of the Board of Directors. Wages paid to these individuals are for their duties as employees or independent contractors of the organization. These wages are commensurate with similar duties of similar positions at other organizations. Increases are presented and reviewed by the Finance Committee and approved by the Board of Directors.”

“Governing documents, financial reports and tax returns are maintained at the SIU office. Parties requesting said documents will be provided copies within 30 days of the initial request. Parties may be charged a small fee for volumes of copies.”

“During the year ended December 31, 2015, SIU converted to the modified cash basis of accounting which is consistent with the externally produced financial statements. SIU previously used accelerated methods of depreciation, and accounted for various intangible and other assets on the income tax basis of accounting.”

“Part III Line 4 - Statement of Program Accomplishments:SIU Bridges training for grassroots church planters, disciple makers and local leaders is focused on storytelling the Bible to traditional, oral cultures. These trainings have been very effective for evangelism, discipleship and for multiplication of disciple making momentum among least-reached non or semi-literate people groups. Approximately $187,000 was used for international travel expenses for our US based trainers to travel overseas and mentor/train our indigenous partners. In addition, $207,000 was distributed in training grants provided to our international partners, enabling them to replicate the training and effectively equip and train local leaders. Total international field training expenses were $585,000. >In 2015, 29,317 workers were trained in 1,558 events in 25 countries. 1,673 Master and 5,641 Local Trainers were equipped to plant Oral Bible Churches.>Over 242 Bridges for Neighbors training events were held around the globe with over 3,300 participants.>Over 302 Bridges for Women training events were held around the world in 2015 with over 7,800 women in attendance. This is nearly double from previous years. The organization went through a Founder transition in 2015. After approximately 29 years of serving with SIU, the Founder retired on April 1, 2015. As such, the organization had two leaders (the Founder and a new CEO) for most of the first quarter of 2015 who shared leadership duties during the knowledge and leadership change. As such, costs also increased during this time frame and $120,000 in reserved net assets was expensed for this new CEO which was the main reason for payroll and payroll tax increases for 2015.”